The Greedy Trader Weekly Analysis
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Number of records: 6
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General Dynamics
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Summary:
Weekly :Oversold sectorLane's Stochastic bullish divergenceTrend resistance at 178.52
Daily :Stochastic signal line moved above oversold areaThe price has risen above the Parabolic SARThe period of high volatility of the stock price
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It was a first positive week after 3 consecutive negative weeks for the General Dynamics (GD). During the week, the GD gained 7.12 points, or 4.19%, and closed at 176.98 on Friday, November 02, 2018. Weekly volume was 74% above average.

GD is a member of Industrial Goods Sector. Industrial Goods is the most oversold sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See GD long-term trend chart]
A long-term uptrend had started on March 6, 2009 at 35.28 and reached 230.00 on March 9, 2018. GD gained -194.72 points, or -551.93%, in 470 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 160.02 and resistance is at 193.29. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a long-term trend.

Medium-term trend: [See GD medium-term trend chart]
A medium-term downtrend had started on October 5, 2018 at 207.72 and reached 164.76 on October 29, 2018. GD lost 42.96 points, or 20.68%, in 3 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The price is near the trend resistance line (178.52). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a medium-term trend.

Weekly Technical Indicators: [See GD weekly technical indicators chart]
Weekly technical indicators are neutral. Weekly Lane's Stochastic has bullish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with weekly Lane's Stochastic bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Lane's Stochastic help.

The weekly MACD line is below its signal line since October 19, 2018. This is an indication that the medium-term trend is down. Use the following link to access a MACD help.

Short-term trend: [See GD short-term trend chart]
A short-term uptrend had started on October 29, 2018 at 164.76 and reached 181.82 on November 2, 2018. GD gained -17.06 points, or -10.35%, in 4 days. The price is now at the 28.37% retracement level.

Daily Technical Indicators: [See GD daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal.

The daily MACD line is below its signal line since October 8, 2018. The distance between MACD and the signal line is low and getting smaller.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

The distance between the Bollinger Bands is 214.06% higher then one year average. It indicates the period of high volatility of the stock price. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 31.60
Williams' Percentage Range (W%R) 66.70
Lane's Stochastic (%D-Slow) 31.82
Greed/Fear Indicator (GFI) 32.23
Moving Average Converg./Diverg. (MACD) -6.05
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 33.85
Williams' Percentage Range (W%R) 66.90
Lane's Stochastic (%D-Slow) 36.83
Bullish
Greed/Fear Indicator (GFI) 37.48
Moving Average Converg./Diverg. (MACD) -2.78 Bullish
Trading Signals
Description Value Chart
Upper Bollinger Band 207.38
50 Day Moving Average 194.09
Yearly Trendline Resistance 193.29
20 Day Moving Average 185.75
Weekly Trendline Resistance 178.52
Price 176.98
Weekly Stochastic Crossing 174.50
Daily Stochastic Crossing 172.82
Parabolic System 165.28
Lower Bollinger Band 160.19
Yearly Trendline Support 160.02
Weekly Trendline Support 155.79
Sector and Industry
Description Name Rank
Sector Industrial Goods 1
Industry Aerospace/Defense-Maj Dvd 103
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 164.76
Low Date 10/29/2018
High 181.82
High Date 11/02/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Test Resistance
Resistance 178.52
Support 155.79
High 207.72
High Date 10/05/2018
Low 164.76
Low Date 10/29/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 230.00
High Date 03/09/2018
Low 164.76
Low Date 10/29/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 121.61
Low Date 01/20/2016
High 230.00
High Date 03/09/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 193.29
Support 160.02
Low 35.28
Low Date 03/06/2009
High 230.00
High Date 03/09/2018
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

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